Kevin Farhadian Acquires Retail Property In New York City For $1.3M
227 East 105th Street
$1,300,000
$517/SF
Building Size
2,511 SF
Asset Type
Retail
Closing
Feb 2, 2023
AI
The retail property located at 227 East 105th Street in New York City has been sold in a closed transaction. The property spans 2,511 square feet and was sold for a total price of $1,300,000, resulting in a price per square foot of $518.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,300,000
- Address: 227 East 105th Street, New York City
- Square Footage: 2,511
- Price per Square Foot: $518
The buyer in this transaction is Kevin Farhadian, while Sean Coakley is the seller. The deal was facilitated by the brokers Jordan Sutton, Robert Shapiro, and Ian Brooks from Cushman & Wakefield.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93